主编温静导读：2025年是柠萌影视实现战略突破与盈利改善的关键一年，通过在长剧、短剧、海外业务的协同发力，成功构建起多赛道增长格 局，财务状况实现根本性好转。公司凭借IP创作优势、全球化布局与技术赋能，在行业转型期确立了核心竞争力。 来源：传媒内参—主编温静 2025年，柠萌影视以"超级内容连接新大众"为战略指引，实现业务规模与盈利质量的双重突破。全年在长剧精品化、短剧规模化、海外业务全球化三大赛 道齐头并进，成功构建"内容创作-IP运营-技术赋能"的全价值链体系。 财务层面实现根本性好转，上半年已完成扭亏为盈，营业收入同比增长108.5%；业务层面凭借《子夜归》《三十而已·曼谷篇》等标杆作品巩固行业地 位，海外收入同比激增2.5倍，连续四次入选国家文化出口重点企业，成为国剧出海3.0时代的引领者。本报告将从业务业绩、战略布局、财务状况等维 度，系统呈现公司2025年发展全貌。 核心业务业绩： 多赛道协同增长 （一）微短剧：规模化与精品化的双重突破 2025年柠萌影视在微短剧领域以"规模化+精品化"策略强势领跑，凭借"好有本领""星柠短剧"两大厂牌实现产能与口碑双爆发，成为公司业绩增长的核心 第二曲线。 全年 ...

Core Viewpoint - The company, Lingmeng Film and Television, reported significant growth in its mid-year performance for the fiscal year 2025, with a revenue of 401 million RMB, marking a year-on-year increase of 108.5%, and an adjusted net profit of 14 million RMB, indicating a turnaround from losses in the previous year [1] Group 1: Financial Performance - For the first half of 2025, the company achieved a revenue of 401 million RMB, which is a 108.5% increase compared to the previous year [1] - The adjusted net profit for the same period was 14 million RMB, showing a successful turnaround from losses [1] - The company is entering a profit conversion cycle in 2025 after a period of adjustment and preparation in 2024 [1] Group 2: Content Development and Production - Lingmeng Film and Television is focusing on high-quality content development, particularly in long and short drama series, which has driven revenue growth [1] - The long drama "Shu Juan Yi Meng" performed exceptionally well, achieving high ratings and significant viewership across platforms [2] - The company has multiple projects in various stages of production, including "Zi Ye Gui" currently airing and others in post-production or preparation phases [2] Group 3: Short Drama Business - The short drama segment is emerging as a key growth driver, with over 3,400 minutes of content launched, representing a year-on-year increase of over 70% [3] - The company’s short dramas have achieved significant viewership and engagement, with several titles ranking highly on various platforms [3] - Revenue from the short drama segment exceeded 50 million RMB, showing substantial growth compared to the previous year [3] Group 4: International Expansion - The company’s overseas business saw a significant increase, with revenue surpassing 33 million RMB, approximately 2.5 times that of the previous year [4] - The drama "Shu Juan Yi Meng" was successfully launched on multiple international platforms, achieving top rankings in several countries [4] - The company is exploring localized productions and small language micro-dramas, expanding its international reach [4] Group 5: Strategic Vision - The year 2025 is positioned as a "production year" for the company, leveraging policy benefits to enhance content production and commercial capabilities [5] - The company aims to build a diversified content matrix to achieve stable and robust growth in performance [5]